The Texas Comptroller has re-released the 2014 Texas Franchise Tax Report Information and Instructions, Form 05-900. The information and instructions ... (b), and is now $350,000 per person for reports due on or after January 1, 2014, and before January ...

How exactly does a total revenue amount of $434,782 result in no tax due on a Texas franchise tax report? One method by which entities calculate franchise tax due under the new Texas franchise tax law is by multiplying total revenue by a rate of

Because it’s hard to know whether those changes will appear before the May 15th due date for this year’s franchise tax reports, Texas taxpayers, and their tax advisers, should carefully review the memorandum and follow its directives. That is ...

Texas Franchise Tax No Tax Due Report (PDF). If the tax due is less than $1,000, but annualized total revenue is greater than the no-tax-due threshold amount, then a No Tax Due Information Report cannot be filed. A franchise tax report supporting the ...

Seven states do not have individual income tax regimes including Texas ... tax. - Franchise Tax (FT) on limited liability entities and trusts. The FT rate is 0.75% for most entities times gross margin (defined below). The no tax due threshold is $1.11 ...

Complete Form 05-102, Texas Franchise Public Information Report. All entities subject to franchise tax report requirements, even when no tax is due, must file this report. Failure to file the report may cause your business to lose the right to operate.

CPS first came under scrutiny in November when federal court-appointed special masters submitted a report recommending 56 ways in ... seeking to address our local debt crisis. The Texas Franchise Tax is an overly complex tax levied on Texas businesses ...

On June 15, 2015, Texas ... For reports due on or after January 1, 2016, H.B. 32 sets an EZ tax rate of 0.331% and allows a taxpayer to elect the EZ Computation if its revenue is no more than $20 million. For reports due in 2015, the Franchise Tax imposes ...

The annual May 15 deadline for filing reports and paying annual Texas franchise tax is rapidly approaching ... Taxable capital includes paid-in capital and retained earnings. Further, no tax is due if computed tax is less than $100. If total gross receipts ...

Texas Governor Greg Abbott signed House Bill 32, the Franchise Tax Reduction Act of 2015, into law this month. The legislation permanently reduces the Texas Franchise Tax rate by 25%. The legislation will provide four main benefits for tax reports due ...